Which of the following statements about how advertising affects price is true?
A) Advertising has a strong effect on the price of agricultural products such as leaf tobacco, soybeans, and wheat.
B) Advertising always increases the price of a product-never lowers it.
C) The consumer who buys the product pays for the advertising.
D) Advertising has had a significant impact on the prices charged by utilities.
E) The amount typically spent on advertising is large compared with total sales.
Correct Answer:
Verified
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